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, and this is going to bring that hot air to the big cities of i-95 just one day for you, but it's the humidity that really gets our attention. a lot of people, you know, dewpoints don't mean much to them. if your dewpoint is above 07, the air is sticky and uncomfortable, and the dark green shows you where that is. it's pretty much the whole eastern half of the country today. it's feeling very uncomfortable outside because of the humidity. we have heat advisories. we have heat warnings in effect in so many areas. we're talking 98 in d.c. it's going to feel like 105. in areas here especially north of dallas really hot stuff. that's a look at your national forecast. now here's a look at the weather outside your window. thunderstorms will be possible today, but they're not going to be widespread. it's going to be isolated storms late in the afternoon. new york city, the hartford. not like yesterday where we had huge storms develop throughout the day. i don't want to hear any complaints because it's going to be 97 in new york. it's only within day. >> you're not going to hear it from me. you know -
could dampen the big shows in ohio and tennessee valleys and through the carolinas. we've got hazy, hot and humid weather for charlotte, orlando and dallas. downpours are possible in the desert southwest. >> temperatures will be mostly seasonable in the northeast with new york hitting 90 and boston 88. phoenix cools down to 105. they hit a record 118, if yoyo can believe it, over the weekend. >>> i know a lot of people will be celebrating the big wimbledon upset. perhaps not rafael nadal. that was quite shocking. wimbledon does have a new champion today. it is novak djokovic, who topped off defending champion rafael nadal yesterday. >> it's an especially impressive win because nadal had won his last 20 matches at the all england club dating back to o 2008. the president of djokovic's home country serbia was on hand to watch. +y3uju+hq,citing for him. he has fought so hard, battling against nadal and federer. it's hard to break into that top ten. >> you see his family jumping up and down. he said that was his real support system. he sort of kept making gestures to
? >> tuesday shaping up to be a very big day in parliament. in the morning we are expecting a senior policeman, including the one that put it last night, to appear before the committee. they will be questioned and questioned again about this cozy relationship. also, of course, at the handling of the original investigations into phone hacking. the biggest set piece will be in the afternoon, when they will hear from rupert and james murdock, separately from rebecca brooks, who resigned from her post at news international on friday. >> plenty going on. i know it will keep you busy. >> other stories making headlines around the world today, let's check with thailand and cambodia, ordered to withdraw their troops. the united nations highest court ordered troops to leave the land. a number of people were killed, thousands fled their homes. the postal service website has been hacked into by a group calling itself the union of free syrian hackers. they ended a message with the slogan -- the people want to finance the egyptian revolution. three people have been killed in chile. the government says that
" will be bittersweet will be sure, a big celebration marked by big questions of what's ahead. >> bob, thanks. also with us is charles bolden, nasa administrator. >> good to be with you. >> there's a lot of criticism, including john glenn, by ending the program the way it's being ended without a backup plan this is ignoring a cardinal rule at nasa, saying there should be something else ready to go. how do you respond? >> we spent seven years with a well organized transition plan for phasing out shuttle and moving on to the next era. we're excited about what president obama is allowing us to do, working hard with the commercial entities, we hope to fly our first commercial crew, cargo missions early next year, they will be american made rockets flying cargo to the international space station and starting to work with commercial entities, hope to release a request for proposal on commercial contracts to take crew to orbit, maybe three years after we let the contract, we'll have a capability. >> many do see this and a number of astronauts have spoken over the last few weeks have said it seems like u.s
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
from a year ago. jpmorgan chase will be the first of the big banks to report on thursday. results from top tech player google are also expected thursday. also this week, investors will eye fresh economic data, starting with may's trade deficit on tuesday. also tuesday, minutes from the federal reserve's june meeting. wednesday, fed chairman ben bernanke delivers his biannual testimony to congress. >>> retail sales and june's producer price index comes out thursday. and june's consumer price index is released friday. >>> elsewhere, precision cast parts says it has agreed to buy primus international for $900 million in cash. >>> reuters reports there's an emergency meeting in europe this morning over the debt crisis. they're now possibly spreading to italy. the region's third largest economy. friday italian stocks and bonds tumbled in a massive sell-off. >>> and finally, according to a new survey of college students and graduates, health insurance is the new love potion. 90% of surveyed students, and 93% of recent grads said knowing a potential partner has health insurance would make him
carry out india's worst militant attack since 2008? big dreams from a tiny island. one of the world's smallest countries hoping for olympic success. hello. it could be another landmark moment in the phone-hacking scandal. we should know very seen whether the media tycoon rupert murdoch has agreed to be questioned by members of british parliament. his son, james, and rebecca brooks have also been invited to appear before the hearing. we can go live to westminster. it feels like we're on the deadline hour for learning whether rupert murdoch is going to say yea or nay to appearing. i don't suppose many are expecting him to say oh, go on then. >> i don't think so. for one thing, the parliamentary committees do not have the same powers as congressional committees and certainly they cannot force foreign citizens like rupert and james murdoch to appear before them. there is even a question mark over whether they can really force rebecca brooks, who of course is a british citizen to appear. if anyone buzz does of the three, it is thought that perhaps she will be the most likely. the lawyers
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
is inevitable and could hit families with mortgage payments and lower 401(k)s, other big costs. jake tapper and jon karl have been tracking it. let's start with jake. >> reporter: last night aftete their primetime addresses, house speaker john boehner was overheard saying he didn't sign up to go mano a mano with the president of the united states after the president called for congress to compromise. the president spoke sternly to the american people last night blaming house republicans, especially freshmen, for holding up a debt deal. >> the only reason this balanced approach isn't on its way to becoming law right now is because a significant number of republicans in congress are insisting on a different approach. >> reporter: house speaker john boehner responded by saying that the president wants to continue his rampant spending. >> the president often said we need a balanced approach, which in washington means, we spend morerend you pay more. >> reporter: right now there a a two competing bills, to raise the debt ceiling and reduce the deficit. a house one that likely cannot pass the sen
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
on. we'll start with the satellite and radar. we had big storms rumble through portions of the viewing area. yesterday it got quite dark and scary looking. all the storl activity has -- storm activity has pushed well off to the south and west of here. we do have the clouds still. a couple of showers popping up in central virginia now but most of the activity is in southwestern virginia, eastern portions of tennessee, western portions of north carolina, and southern west virginia. so that's where that is. we talked about the heat advisory. yes, there's a heat advisory that goes into effect at noon today. lasts until 8:00 p.m. all the counties you see there including washington, d.c. this is because with the heat in the upper 90s, the air temperature and humidity, it's going to feel like it's between 100 and 105 degrees during the day today. currently 78 degrees at reagan national. relative humidity 81%. so very uncomfortable out. winds out of the southwest now at 7 miles an hour. planner for today hazy, hot and humid. can't rule out a stray thunderstorm or two during the
to the start of wall street, u.s. futures to a pretty healthy open. it's in the shadow of the big jobs number out tomorrow. >> indeed. we'll have to see what difference this makes. now, in the u.k., an enormous story, really, that is shaking the government in some ways. certainly putting the prime minister under pressure in parliament. police are theying there will be a full investigation into new hacking allegations, into "the news of the world." it's a sunday newspaper. advertisers are turning their backs on the u.k.'s most popular sunday read. the tabloid stands accused of hacking into the phones of a missing schoolgirl that was later found dead. as well as relatives of the 2005 london bombings six years ago. and the families of soldiers killed in iraq and afghanistan. revelations have made waves across the u.k. and even led to a debate in parliament. and definitely in that debate, i think it's fair to say that the prime minister at times looked very much to be on the back foot. >> he seemed to be. very close with the former editor of "the news of the world." shareholders also getting out
to, a whopper and a big mac each have more than half the amount of fat you're supposed to eat in an entire day. >> you've got to educate yourself about food, and a lot of what my book is about is just trying to tell you the difference between this industrial food and real food. >> reporter: eric schlosser spent two years researching the fast food industry. he wrote a book just for kids called "chew on this -- everything you don't want to know about fast food." it includes one surprising fact about those mcdonald's french fries many of us love. >> they're salty, and mcdonald's puts a little extra something in them. and when i was doing research for the book, i discovered that little extra thing is beef flavor. so the fries have beef in them, and if you're a vegetarian, you shouldn't eat them. >> reporter: eric isn't a vegetarian. in fact, like most of us, he loves a good burger. but he stopped eating fast food after he did his research. he already knew most fast food is not made fresh. it's processed -- created in a big factory, frozen, packaged and shipped around the world. th
about him. i think the privacy of young children is a big issue. >> hell do you think that your son's medical condition, -- how do you think that your son's medical condition, cystic fibrosis, was leaked out? >> i have never talked publicly about his condition, and obviously we wanted that to be kept private, for all the obvious reasons that you want to do the best buy your children. i have never complained about what happened to me before, but the truth is information did come all. i was approached by a the "sun" newspaper. they told me they had this information about his condition and that they were going to run this story. >> how did that affect you as a father? >> in tears. your son is going to be broadcast across the media. sarah and i are incredibly upset about it. we're thinking about his long- term future, thinking about our family. but there is nothing you can do about it. you are in public life. you do not know how it has appeared, i have not questioned it, make any allegations or claims, but the fact is he did appear, and it did appear in "the sun" newspaper. >> i think i
and increase the nations borrowing limit. >> everything they have told me and the speaker is to get a big package would require big tax increases in the middle of an economic situation extraordinarily difficult 9.2% unemployment. it is a job killer. >> we need to do something very big, substantial to bring long term debt down overtime we have to do that in a way that is good for the economy. >> reporter: of course there is a difference in opinion what is exactly good for the economy, house speaker john boehner said look the republicans are not going to agree on any package that includes any increases in taxes therefore the republican package is $2 trillion where as the deal the president has been pushing is a $4 trillion deal we should learn more at the press conference scheduled here at the white house 11:00 a.m. >>> three small planes in three separate incidents had to be intercepted by fighter jets this weekend each plane flew too close to camp david. the first around noon saturday another later that night the third happened late yesterday morning in every case the planes landed withou
'll take a look at the upcoming workweek coming up. for now, to the news desk. >> our big story this morning, congress and the president are working to meet the deadline and avoid a default by uncle sam. >> one vote was expected to come up this morning, but was withdrawn as the haggling continued behind-the-scenes. >> unable to muster support to get a bill passed, harry reid displayed the vote on his debt ceiling until later today. >> i spoke to the white house a few times, and they asked me to give as much time as possible to reach an agreement. >> it was the same plan shot down hours earlier by the house. >> the rules are not suspended, and the bill is not passed. >> finding a bill that will pass is not easy. >> we will not compromise on our principles. >> with tuesday's deadline looming, they are talking to president obama. >> the only way we will have a deal is to have an an agreement with the president of the united states. >> and we're going to fight you on that. >> as the clock ticks down. brian mooar, wbal-tv 11 news. >> wrblings the maryland congressional delegation is
. here's abc's chris bury. >> reporter: in minnesota state parks, the big holiday weekend is a big bust. campers looking forward to a getaway were told instead to get lost. >> well, it's ridiculous. >> it's sad. >> it should never get to that. >> reporter: the closed parks a casualty of the state's budget crisis. so many services arehut down. even industries like logging are grinding to a halt because those trees are on public property. in all, 25,000 state workers laid off.. at the capitol, now closed to the public, minnesota's democratic governor and republican leaders could not agree on fixing a $5 billion budget gap. >> i'm not getting an income now. i don't think any of them should think it necessary for them to have an income either until this is settled. >> reporter: minnesota is the first state to actually shut down much of its government. but many others from new jersey to california are also making painful cuts. at this state park near minneapolis, k ken johnson had planned to spend a week camping with her family. getting ejected left her fuming. >> i think the government need
been seen as the party of big spending in government. right now, voters are in a position where they want to see less spending. one gets down to specifics, they are more on the side of democrats. the paul ryan plan is very unpopular but the measures the democrats propose like increasing taxes on the wealthy and ending subsidies for corporations is very popular the democrats need to reach a credibility threshold on fiscal issues. they need to be willing to say that we need more government accountability. if they can agree to a down payment and get a boat on the record of cutting spending, it helps them reach that far. they want to move to a larger debate where the public is on their side about priorities and what is the next step. they want to from that republicans want to eliminate medicare for those under 55. they can cut some things that will affect the middle class since seniors but we want to end the subsidies for oil companies and the jets owners. if they can get bear rather than debate about cutting spending more or less, going into 2012, there will be a good position. hos
leak shut down i-270 for phi hours. if you've seen the volume of traffic on that road, it is a big deal. surae chinn is live in clarksburg where repairs are still going on as we speak. good morning, surae. >> good morning to you. the commute this morning will be much, much better. it will be improved because the roads are open. 270 wide open this morning. the only thing you really have to worry about is working around the work zone because it will be down to one lane. let me show you this work zone and where that main broke here. it is right there at the three pillars you see over there. that's to hold up the earth so it doesn't cave in. the big excavator, the one where the windows got blown out so you can imagine big pressure that was happening as that gas main broke. you can see the mud all over the place that caused this very dangerous situation. well, this happened around 4:00 yesterday and people were working through the night to make those repairs and also keep this place safe. traffic backed up as you mentioned, 270 was shut down just as the evening commute got underway. cars had
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
the crunch day is actually august 3rd, that's the day when the government has a big $23 billion social security payment and it has between $10 billion and $12 billion in tax revenue coming in. i think the really big issue for the treasury is going to be how it distinguishes between, if you will, paying back the money it already owes, paying back the government bond holders, and paying its ongoing running costs, things like social security, medicare, medicaid, military salaries and so forth, and i think the betting is that the government will put, will give a priority to paying the bills it already owes, to paying the bond holders, simply because if you don't do that, you go into massive default, and the whole global financial system i think really starts getting shaky, but not paying some of the big government commitments within the united states, that's going to get painful pretty fast. >> not paying the social securitys, the medicares, the medicaids of the world or even our defense budget that's as big of an issue for many in many mind as defaulting on our debt which would be a nonpa
higher. the ftse and the dax are both down. sony is reporting big losses. let's go to kyung lah, live in tokyo. good morning, kyung. >> reporter: good morning, ali. it's not just sony but it is a bad day in a lot of boardrooms and many of the electronics companies here in japan. we saw a lot of reporting of the quarter from april to june. sony posted a loss of 191 million u.s. dollars. panasonic, down 390 million. sharp down 630 million and nintendo says they lost in that quarter 327 million u.s. dollars. why? well, partially because of the march 11th earthquake. they are still trying to recover from the poor sales and the supply problems. the other theme we keep seeing over and over again from these electronics companies is the currency problem. the u.s. dollar is sinking. sinking very rapidly in these last six weeks. u.s. manufacturers, just like japanese manufacturers all operate on the u.s. dollar. and so when japanese manufacturers then have to repatriate these funds here, they lose if the dollar is sinking and the yen is rising. what is pushing the dollar down is all of that u.s
by natural disaster and nuclear calamities a big reason to smile, "today," monday, july 18th, 2011. captions paid for by nbc-universal television >>> welcome to "today" on this monday morning. i'm ann curry. >> and i'm lester holt in for matt. i think we both watched that match yesterday. you've got to feel good about the u.s. team. we were disappointed, but what a performance they put on and what a great thing they did for american soccer. >> that's right. for women's soccer, particularly, bringing it to a new level of cool. men and boys, women and girls, nationwide, watching them play. i think that they're winners in that regard. >> and the japanese certainly have something to feel good about after a really rough year. and i love the fact they thanked the world for the support they have had. >> and they continue to thank, actually, after every game. so it's a pretty exciting bit. >>> in the meantime, another major story, the fact of this heatwave. millions of americans are sweltering in this dangerous heat and humidity today. how long will it last? how bad will it be? well, al has the fore
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
requires sales tax to be collected, like amazon. in response? amazon took a big protest by severing ties with over 10,000 sales affiliate that are based in california. keethegabe slate's tech report has more. >>gabe: for now, you will not be charged with the sales-tax. this was a risky move, for amazon continuing i caught-up with cnet affiliate and how this could impact california? >> basically small businesses, can leave a log could sand amazon send people to amazon into the small cost. it is actually a pretty impact business relationship it was severed. and from nevada of all the way over to the state line. in net effect is not going to impact consumers but it will impact the state revenue. perhaps state revenues will decline. >> also a retailer of the coast through a subsidiary and and the california association with that business? must collect sales tax. in palo in the cupertino, and if they try to enforce that part of that new law? it will probably tied up in the courts for years and amazon improbably currently when. >> amazon will win this fight. there is a big difference between t
this big deal, takeover bid by rupert murdoch of british sky here. people don't want to see that deal go through, kyra. >> we'll continue to follow that story. i have a feeling a lot more is going to break, it's just starting to unfold. zain, thanks. >>> trying to broker a deal. in less than two hours from now, he will turn to the public with a news conference. dei dan lothian joins us from the white house. >> reporter: medicare and social security they don't want touched by this deal and on the other side, republicans are saying no tax hikes at all. you're seeing the president using his bully pulpit, if you will, for the second time now in as many weeks, the president holding a press conference, a chance to try to get both sides to sit down and hammer out an agreement and spell out what the consequences will be if that debt ceiling isn't raised by august 2nd. the president, aides tell me, will continue to push for what's being called that bigger deal, up to $4 trillion in spending cuts and also tax hikes. the reason for that is because the president believes that this is the best thing
, it could be too big to fail. >>> nina, we're also seeing investors flee to the safe haven of the yen. it has broken that 80-yen mark but weakening just slightly from yesterday at 79.63. china announced a higher than expected gdp figure for june which eased worries about an abrupt slowdown in the economy. but the debt crisis in europe is still keeping many investors on the sidelines. ramy inocencio is here with a look at asia's closing numbers. >> the gains across the region were pretty good yesterday. the meek kay closed up .4%. credit suisse gave them on out performed rating over here in hong kong, the hang seng closed up a little over 1% here. that's off its worst two-day decline in 17 months. the catalyst here was that better-than-expected gdp number out of the chinese main land. on the mainland the gdp number was 9.5% for june. what was expected was 9.4%. with that the composite rose 1.5%. that was helped by good news from agricultural bank of china after saying its first half net profit would rise by nearly 50%. going down under, the asx rose nearly half a percent. that was prop
. that's well to the north. so we have this big area of high pressure in place. that's acting like a heat pump. so looking at high temperatures today, in the 90s for denver. 96 degree. triple digits in phoenix as well as dallas. looks like the heat wave will remain with us for several days to come. so for the fourth of july, yeah, it's going to be hot and the firecrackers. 80s and low 90s across a good chunk of the nation. more of your forecast coming up. >>> and the weather is a major factor in the battle against the devastating wildfires in new mexico including the one threatening the los alamos nuclear lab. >> reporter: as firefighters try to keep the flames at bay with control burn, the runaway fire continues to consume trees and brush in the rugged mountains above the town of los alamos. the fire has now blackened more than 113,000 acres but it's moving away from town and the nuclear laboratory. good news according to the fire chief, but not enough. >> kind of between a rock and hard place, because we're trying to repopulate but we don't want to put people in danger. >> reporter: los
to the european style of big government, that his policies have set in motion. to democrats in washington, the answer isn't to cut spending, but to raise taxes and keep on spending. republicans believe we must solve our debt crisis. and we believe we can solve it if democrats will work with us. >> all right. we do have our correspondents up early this morning. athena jones at the white house for us this morning, also our joe johns, keeping an eye on capitol hill. joe, let me start with you, forget all the symbolic votes, the one we saw yesterday could see another one today this early afternoon. forget that stuff. what is a real possibility of happening right now? how are they going to get this done? >> okay. first, you got to say, this is a poisonous environment on capitol hill and in washington in general, but the way the democrats have been able to do this before is they've reached out to a group of potentially persuadable senators in the middle. these would be people who can sort of move in, take a look at this thing, try to fashion some kind of language that you might call a compromis
tomorrow night, and that's on big fox. >>shepard: and 23 minutes past 3:00 on wall street, a lot of this is about our debt crisis in the united states and more so in europe where italy has joined "we're in trouble crowd," the markets do not like it and the dow jones industrial average is off considerably 1.4 percent with just about 37 minutes left in the trading day. a major security concern across the river from new york city, at newark, new jersey, at the lebanonty international airport after a crew found a stun gun stuffed in the back pocket of a seat. though discovered the weapon after the jet landed with 96 passengers on the plane were fine and off the plane. and an certify file spokesman says it does not look as if the stun gun was meant to be used in an attack but how did it get past airport security. they were probably very carefully watching out for your 3.2 ounce bottle of conditioner. and now, live from the new york city news room. what are the authorities saying? >>guest: a remarkable story. and the f.b.i. leading the investigation into what does appear to be a fully
or not the italian banks have enough cash on their balance sheets. we've seen quite a big turn-around in the market. many stocks opening lower by as much as 5% to 10% and now trading in positive territory after the finance minister, the economy minister is heading back to rome from brussels and will be looking at the austerity measures and pushing them through. >> we know yesterday the dow down 151 points, the biggest drop in over a month. thanks so much for bringing us up to speed, we appreciate it. >>> else where, hundreds of syrian government protesters stormed the u.s. and french embassies in damascus, the protesters smashing windows and spray-painting walls with obscenities aimed at the american ambassador. guards at the french embassy fired into the air to ward off the demonstrators there. some warning shots. the violence and tension follow as visit by the american and french ambassadors to the city of hama, stronghold of opposition to the president. during a joint press conference at the state department, secretary of state hillary clinton warned assad about inciting future attacks. >> presi
. nonweather-related. >>> coming up, stocks stumble, big deals in the works. >>> and a costly online business hiccup. your "first look" at this morning's business headlines is straight ahead. >>> the sluggers swing for the fences and one player turns a home run derby into a family affair. this past year alone there was a 93% increase in cyber attacks. in financial transactions... on devices... in social interactions... and applications in the cloud. some companies are worried. some, not so much. thanks to a network that secures it all and knows what to keep in, and what to keep out. outsmart the threats. see how at cisco. >>> weshl web welcome back to "first look." afghan president's hamid karzai's half-brother was shot and killed today in his own house by a friend. to critics, ahmad walid karzai had become a symbol of corruption within the karzai administration. >>> supporters stormed the u.s. and french embassies in damascus, wednesday. this, as secretary of state, hillary clinton, said assad has lost legitimacy in the wake of the country's brutal crackdown on protesters. >>> the
it is that momentous. the flurry of talk last week about going big and swinging for the fences were underscoring the idea of the president and the speaker to persuade the democratic and republican rank- and-file to go for something as big as $4 trillion. it was a long shot to begin with. both sides decided to spend a few days pursuing this long shot and it turns out that speaker behner blinked first. he was the first one to realize publicly that he did not have the votes in his own troops to get this through because it would require too much. host: if the number goes down from $4 trillion, what gets left behind? guest: you go from $4 trillion down to something. the fall back number we think is $2.50 trillion. that is the amount of deficit reduction that would be necessary to get republicans to vote for an equivalent amount of debt ceiling increase. that is what is required to keep the treasury in the flush to get for the next election. that is the number and we know that the vice president had six members of congress and they were pretty close. they were at about $2 trillion. entirely from the s
was try to create a new sense of urgency to see if there's a chance to put the big deal back together that he and speaker boehner were close to having this deal last week. but in many ways, this speech was almost oh post mortem, almost setting up the blame game for the fact that no big deal is going to happen. and no matter what happens here at the end of the day, the debt ceiling is going to go up. but nobody is going to be happy about the deal. i can tell you this, ann, i had a bunch of democrats that said to me, would have been a good speech to give two weeks ago. >> i know that he called for public activism, so much so that we hear the capitol hill websites were crashing last night because so many people were trying to e-mail their representatives. it looks like he spooked main street, jim? will he spook also wall street? >> no, not at all. wall street is calm. the markets are looking good today. we had a blip down in the indicators between 9:0 and about 9:20. they came right back. no one is buying the panic, the sky-rocketing interest rates scenario. >> that said, hedge funds are
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